Tag: DeFi

Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

Key Notes Bybit announced its decentralized exchange on the Solana network. The exchange promises to bring CEX liquidity and DeFi transparency. Bybit spot trading volume has been halved in 24 hours. . Bybit, a leading centralized cryptocurrency exchange, has announced its first decentralized exchange, Byreal. Ben Zhou, co-founder and CEO of Bybit, posted on X that the CEX incubates Byreal and will launch on the Solana blockchain. Announcing Byreal — our first onchain DEX incubated by Bybit, will be LIVE by end of the month. Starting from scratch and now…

7 Solana ETFs Advance; DeFi Development Corp Prepares to Buy More SOL for Treasury

Solana (SOL) traded at $144.14 on June 14, down 2.06% over the past 24 hours, but showed resilience as long-term institutional activity offset retail-driven weakness. Price action remains pinned near the lower end of its recent $145–$149 consolidation zone, following a broader multi-day correction across crypto markets tied to rising geopolitical tension. Despite recent weakness, two major institutional developments suggest deepening engagement with the Solana ecosystem. First, Bloomberg’s James Seyffart confirmed on Friday that this week that all seven spot Solana ETF issuers — i.e. including Fidelity, Grayscale, VanEck, 21Shares,…

Bitcoin as DeFi Fuel: Altcoin Communities Mull BTC Reserves and Incentive Pools

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As publicly listed firms continue integrating bitcoin into their balance sheets, crypto communities like Cardano and Polkadot have discussed echoing this strategy, deploying the leading digital currency in their own operations. Altcoin Teams Eye Bitcoin for DeFi Power and Treasury Backing This week, the Polkadot community is weighing a proposal to gradually exchange 500,000 DOT […] Original

Bitcoin-Powered DeFi Could Unseat Traditional Finance

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Decentralized finance (DeFi) will turn Bitcoin from a passive store of value into an asset that can challenge traditional finance, prominent figures in the Bitcoin space say. At the Bitcoin 2025 conference in Las Vegas, speakers shared a conviction that Bitcoin’s infrastructure will power the next generation of DeFi applications in the network’s next chapter, echoing the calls of early builders who envisioned a parallel financial system to fiat currency.  The conference featured DeFi projects like the Liquid Network, which was joined by emerging Bitcoin DeFi companies looking to expand…

XRP Moves Into High Gear With Bitgo as Institutional DeFi Race Accelerates

Bitgo has expanded XRP-related DeFi access by adding custody support for Flare and Songbird. The move enables institutions to securely store assets connected to the XRP ecosystem, with staking support planned. Bitgo Lights up Flare Support— XRP Institutions Get DeFi Infrastructure Digital asset infrastructure and custodian provider Bitgo announced on June 12 the addition of […] Source CryptoX Portal

DeFi Development Corp. Secures $5 Billion Equity to Boost Solana-Focused Strategy

DeFi Development Corp. has announced a $5 billion equity line of credit to strengthen its Solana-focused treasury and accelerate its SOL per share growth strategy, marking a major commitment to the expanding Solana ecosystem. $5 Billion Equity Line to Drive DeFi Dev Corp’s Solana Accumulation DeFi Development Corp. (Nasdaq: DFDV), the first publicly listed U.S. […] Source CryptoX Portal

HOME Lifts Off After World’s Largest Crypto Exchange by Trading Volume Adds Support for Defi App

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The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket. In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible. After the addition, HOME skyrocketed, going from a low of $0.0201 on June 10th to a peak of $0.038 just two days later. The token has since retraced and is trading for $0.033 at time…

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention

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DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a…

DeFi Development Corp Withdraws Form S-3 for $1 Billion Raise

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DeFi Development Corp has run into a minor setback on its quest to raise $1 billion to buy more Solana after the US Securities and Exchange Commission knocked back its S-3 filing.  The Nasdaq-listed firm said in a statement to the SEC on Wednesday that it seeks to withdraw its previous registration statement because the commission found it wasn’t eligible to submit a Form S-3 after failing to include a management report on internal control over financial reporting before the due date. A growing number of companies have been acquiring…

SEC Commissioner Rejects DeFi Overreach, Defends Core US Principles

Decentralized finance took center stage in Washington as the SEC’s latest policy roundtable spotlighted code-driven innovation, individual empowerment, and freedom from centralized financial control. DeFi Embodies US Values, SEC Commissioner Argues Amid Regulatory Debate U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce addressed the audience on June 9 during the final session of the […] Source BitcoincryptoexchangeExchanges CryptoX Portal